The 1 Percent Now Have Half the World's Wealth

The richest 1 percent of the world’s population owns more than half of household wealth, with their share skyrocketing since the global financial crisis, a new report says.

The annual Global Wealth Report, published Tuesday by Credit Suisse, points out that while the top 1 percent and 10 percent of the world’s richest saw their share of wealth decline between 2001 and 2008, the trend swung the other way after the financial crisis.

“From 2013 onwards, the share of the top 5 percent has been above the level observed at the start of the century, and the share of the top 1 percent is now significantly above what we estimate for 2000,” the report said.

“While the bottom half of adults collectively own less than 1 percent of total wealth,” the report adds, “the richest decile (top 10 percent of adults) owns 88 percent of global assets, and the top percentile alone accounts for half of total household wealth.”

3. And if we just give them a tax cut, we'll all be rich, too!

4. From 1970 to the late 1990s an incredible growth in democracies

took place. At that point 60% of all nations were democracies. Since then we've had a democratic recession where many have failed, been taken over by authoritarianism, or are in danger of failing.

There are a number of big factors, but during this period the planet's wealth also quadrupled but became concentrated as unimaginable wealth in the hands of a tiny percentage, and that reality is absolutely huge among them. Even our great, long-established democracy, formerly a model for the planet, is under attack and our institutions deeply infiltrated by those determined to destroy government by the people.

Or perhaps I should say especially our nation, even if it is taking longer. America has close to half of all the planet's new billionaires and those whose wealth is in the hundreds of millions.

14. Surprise! I agree..........nfm.........

6. We helped them get rich too

We allowed Ronald Reagan to be voted into office. Then we voted in Bush 1 and Bush 2.
Then the piece de resistance, we voted in Cheeto.

Jobs are going away, manufacturers are all going robotic or they're going overseas.
How do we in the middle class pay our taxes if we're unemployed?
If we're already retired, how do we stop Cheeto from stealing our Social Security and Medicare benefits?
You think he won't do it? He's already told us that he will do it, and we elected him anyway.

The extremely wealthy people do not give a shit. It means nothing to them.
They won't even thank us for giving them everything we have. They think they deserve it all.